POET Technologies Stock Rebounds as Marvell Fallout Turns Into a June Lawsuit Deadline
POET Technologies shares rose Friday, climbing $1.39 to $10.97, despite new shareholder notices tied to a securities class action over its U.S. tax disclosures and cancelled Celestial AI orders. The lawsuit, filed April 28 in New Jersey federal court, names POET, CFO Thomas Mika, and CEO Suresh Venkatesan as defendants. Investors have until June 29 to seek lead plaintiff status for the proposed class.